Oppenheimer Asset Management Inc. Acquires 188 Shares of Lockheed Martin Co. (NYSE:LMT)

Oppenheimer Asset Management Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,953 shares of the aerospace company’s stock after acquiring an additional 188 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Lockheed Martin were worth $12,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Lmcg Investments LLC raised its stake in Lockheed Martin by 3.0% in the third quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 19 shares in the last quarter. Klingman & Associates LLC raised its position in shares of Lockheed Martin by 1.1% during the 3rd quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock valued at $1,011,000 after buying an additional 19 shares in the last quarter. Platform Technology Partners raised its position in shares of Lockheed Martin by 0.5% during the 3rd quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company’s stock valued at $2,409,000 after buying an additional 19 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Lockheed Martin by 1.3% during the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after acquiring an additional 19 shares during the last quarter. Finally, Vinva Investment Management Ltd grew its position in Lockheed Martin by 3.0% in the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 19 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of a number of research reports. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Wells Fargo & Company cut their target price on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $553.67.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $446.38 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market cap of $105.07 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a 50-day moving average price of $466.57 and a 200-day moving average price of $526.08.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.96%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.